Peretti said the encounter with Ivanka occurred at a Manhattan dive bar called Tropical 128 about 8-10 years ago with roughly five other people present, including his wife, Andrea Harner. Peretti said Ivanka and he share a mutual friend who invited her to the bar that evening.

“She was saying how she first said she had never seen an uncircumcised cock and then she said, ‘I’ve never seen a mulatto cock. There’s lots of cocks I’ve never seen,’ or something like that,” Peretti said.

“Of course, it was memorable just because of the use of the lewd language and racist language. It was also memorable being in the environment of being… in New York, sometimes liberal and progressive people make comments meant as jokes and not necessarily earnest. I didn’t know how to take it.”

Ironically, this is a well-executed dog-whistle against the Republicans. The liberal audience will see stories about this, and they’ll think the point is that Ivanka Trump is bad because she said “mulatto”. The whole family is racist, unlike us! Salon explains that this is the official liberal interpretation:

It must be emphasized that the shock of the anecdote lies not in Ivanka Trump talking about cocks (I hope you see all — and only! — the cocks you want to see in this life, Ivanka!) but in the allegation that she sprinkled a racist term into casual conversation much as her father did with his infamous conversation with Billy Bush, depersonalizing men of color in the same way that her father depersonalizes women. This is an Ivanka I can imagine palling around with the obnoxious “Born Rich” crowd, who now seem like lonely, anxious, alienated and very angry kids — painfully human and depressing to watch, with or without trust funds.

We don’t know Ivanka Trump, but she has told us to believe her when she says her father is a good person who will be a good leader for women. As a practiced middle child, let me step in here and offer a translation: What Ivanka meant to say is that her father has always been good to her. And if we can all just be as good as Ivanka — as beautiful, as polished, as diplomatic, as gullible, as willing to wave off a terrifying strain of white nationalism and politicized misogyny as Daddy-bluster — maybe he will be good to us, too.

With plausible deniability, this is a way of chipping away at Trump’s base of support. Ivanka Trump is married to a Jew and longs for mulatto cock. Is her husband a cuckservative? The whole family might only be fake racist, unlike us! They’ve deliberately used a photo that suggests fellatio, vaguely. Suggesting that his daughter craves big black cock is an excellent way of trolling Donald Trump. Miscegenation always gets people riled up.

The psychological meaning of mulatto cock fantasies was discussed in Sensational Flesh, quoted elsewhere on this blog:

Fanon argues that this conflation of the black man with his penis is one of the main qualities of Negrophobia, which manifests as sexual panic that takes the form of fear and desire. The myth of the large black penis only serves to emasculate the black man.

The Negro’s impotence is further signaled by his inability to actually substitute for the punishing father of Freud’s narrative. Though the menacing black penis offers the possibility of physical pain, the Negro does not serve as a superego for the woman. The woman’s punishment for her desire to be raped occurs, not at the hands of the Negro, but within the realm of the white psyche. The fantasy is formed in anticipation of harsh societal judgment against her desires, which represent the persistent paranoid fear of white femininity being violated by black men. The woman voices what Fanon imagines to be the deepest fear/desire of white patriarchy. The woman will not actually be punished for this fantasy, but its effects are especially real to the black man, resulting in the social castration of black men. As Diana Fuss writes, “Fanon’s deconstruction of this fantasy takes place in an historical context when fabricated charges of rape were used as powerful colonial instruments of fear and intimidation.”

The specific craving for mulatto cock makes sense, because rich people like exotic things.

It doesn’t matter if it’s true or not. The symbolic badness of the mulatto penis is forever linked with the Trump family. Once you go black, you don’t go back.